Pan African Resources plc (LON:PAF)‘s stock had its “buy” rating restated by investment analysts at Numis Securities Ltd in a research note issued on Thursday. They presently have a GBX 35 ($0.46) price target on the stock. Numis Securities Ltd’s price target would suggest a potential upside of 81.82% from the stock’s previous close.

A number of other brokerages have also weighed in on PAF. FinnCap restated a “hold” rating and set a GBX 15 ($0.20) target price on shares of Pan African Resources plc in a research report on Wednesday, June 15th. Peel Hunt reaffirmed a “buy” rating and set a GBX 26 ($0.34) price target on shares of Pan African Resources plc in a research note on Wednesday.

Shares of Pan African Resources plc (LON:PAF) opened at 20.92 on Thursday. Pan African Resources plc has a one year low of GBX 6.72 and a one year high of GBX 24.50. The firm has a 50-day moving average of GBX 20.35 and a 200-day moving average of GBX 17.18. The company’s market cap is GBX 383.15 million.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at

About Pan African Resources plc

Pan African Resources PLC (Pan African) is a South-Africa based gold mining and exploration Company. The Company focuses on exploitation of high grade ore-bodies that yield high margins with a low cash cost base through experienced management teams. The Company’s operations include Barberton, The Barberton Tailings Retreatment Project (BTRP), Evander Gold Mines and Phoenix Platinum Project.

Receive News & Ratings for Pan African Resources plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pan African Resources plc and related companies with's FREE daily email newsletter.